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“We’ve been extremely lucky in our lives," Mrs Schmidt said in the same interview with Boat International . "You have to make a decision about what you’re going to do with that. Wealth is a responsibility, one way or another.

Elfje can reach a top speed of 12 knots and has a cruising range of 3,690 nautical miles.

She can host up to eight people and comes with five crew members, according to information on various sailing websites.